Negotiating the Model Form Production Sharing Agreement

(240 Ratings)

Produced on: July 18, 2017

Course Format On Demand Audio

Taught by


Course Description

Time 61 minutes
Difficulty Advanced

This course, taught by experienced oil and gas transactional attorney Dave Davis III, is designed to assist the learner in identifying and drafting key provisions of the Model Form Production Sharing Agreement (“PSA”) used in the upstream oil and gas industry by international oil and gas companies (“IOCs”) to contract for oil and gas exploration and production rights in foreign countries.

Learning Objectives: 

  1. Understand the function of the PSA and how it differs from the Production Concession Contract
  2. Identify provisions in the PSA that address material risks for IOCs  and foreign host governments
  3. Discuss material concepts for drafting key PSA provisions
  4. Mitigate common “triggers” that cause IOCs to relinquish contract lands or terminate the PSA 


Dave Davis III

Morae Legal Corporation

Dave Davis III has over 10 years-experience as corporate legal counsel in the oil and gas industry, and has experience drafting, negotiating and advising on a variety of upstream and midstream leasing, drill rig, transportation, storage, service and supply agreements.

Dave also brings experience in international transactions representing clients in negotiations with the governments of Equatorial Guinea, Gabon, Montenegro and Croatia, as well as regulatory experience through successful licensing applications with the U.S. Department of Energy and the Regulatory Commission of Alaska.

Dave has also negotiated the acquisition of over $300 million in petroleum assets world-wide.

He currently services many oil and gas producers in the Houston area as a contract attorney supporting in-house counsel with drafting procurement agreements, oil field service agreements and assisting with private equity M&A transactions.


  • Director/Morae Legal Corp. - September 2015 thru Present
  • Oil and Gas Contract Negotiator for various O & G Production and Exploration Companies
  • Senior Attorney/Marathon Oil Corp. - May 2004 thru February 2015
  • In-house General Counsel responsible for managing general legal issues and private acquisitions for domestic and international asset subsidiaries


Catherine H.

great speaker - down to earth & practical manner of speaking delivering helpful information in an engaging fashion - not losing the audience or too technical - thanks!

James S.

Good overview of PSAs.

Lynn C.

Excellent Course

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$ 59 Contract Law and Oil, Gas, & Energy Law In Stock


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